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Cybersecurity firm SentinelOne announced $120 million in new investments in its latest funding round.

The big picture: SentinelOne is known for a highly automated, machine learning approach to securing endpoints (systems like office computers that interact with network servers), and it has built up a large client base, including 3 of the Fortune 10, in the last 12 months.

  • "In a market where other companies are using technology augmented with services, we have built a very automated software-based platform," CEO Tomer Weingarten told Axios. "What we achieve with software most other companies achieve with services."

Details: The Series D funding round more than doubles the investment in SentinelOne to date, now totaling $230 million.

  • The round was led by Insight Partners, with investment by all of the firm's previous investors and new investors Samsung Venture Investment Corporation and NextEquity.

Background: SentinelOne's growth spurt has seen the company's yearly recurring revenue grow 217% over the past year.

  • The company has recently expanded its platform to protect networks from attacks starting from internet of things (IoT) devices that move laterally to more critical systems — applying the same machine learning protection to IoT traffic.

What they're saying: Weingarten sees the company expanding its machine learning protections to even more spaces in the future. "We can take the machine learning we apply to the endpoint scale to the entire network scale," he said.

Go deeper

Updated 4 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 6 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.